Professional Services Case Studies

Are you a professional service? We have put together a selection of case studies from clients we have helped within the professional service industries.

Law Firm

Debt: £5,000

Challenge:Our client had carried out work for the director of a company, in relation to a contract dispute. The company ceased to trade but our client’s engagement was with the director of the company, personally. The debtor refused all attempts to engage with him.

Solution: A County Court Judgement was obtained but the debtor continued to ignore our attempts to resolve the matter. We therefore obtained a High Court Writ and instructed an enforcement officer.

Result: Following the agent taking control of goods, the debtor settled in full.

Accountants

Debt: £9,000

Challenge: Following our client providing tax advice to the debtor, they were unable to collect monies owed to them for 2 years. To add to the issue, the debtor now lived overseas.

Solution: We managed to trace the debtor and proceed to pursue collection of the debt.

Result: Following our engagement with the debtor, a payment plan was agreed over a period of 6 months and the debt was collected in full.

Solicitors Practice

Debt: £9,500

Challenge: Our client provided legal advice relating to commercial property transactions to the debtor. Debts of £6,500 were due from the limited company and a further £3,000 from the director, personally. A payment plan was agreed with the debtor and whilst the first two payments of £500 were made, the debtor defaulted.

Solution: We obtained County Court Judgements and High Court Enforcement action commenced.

Result: Control of goods agreement put in place and both debts paid in full within 14 days.

Financial Services Consultancy Firm

Debt: £98,000

Challenge: Monies were due to our client for over 6 months, in respect of consultancy services. There was an internal shareholders dispute within debtor company and this hindered the collection of the debt.

Solution: With broken promises of payment, we filed a Winding Up Petition under a conditional fee agreement.

Result: Following negotiations, a payment of £92,000 was received, just 24 hours before the Petition was due to be advertised. Had the company been placed into liquidation, it is unlikely that a sum like this would have been recovered.

Are you in a similar situation to our clients?

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